BSBPMG522 - Presentation 3
BSBPMG522 - Presentation 3
Presentation
Purpose of this presentation
In this session, you will learn about:
the project management life cycle
project management tools – software.
Project management life cycle
Project management framework is divided into five
phases or process groups (PMBoK):
1. initiate
2. plan
3. implement
4. monitor
5. close.
Initiate
Project initiating involves:
describing purpose, aims and deliverables
stating parameters (timescales, budgets, range,
scope, territory, authority)
stating people involved and the way the team will
work (frequency of meetings, decision-making
process)
establishing ‘break-points’ at which to review and
check progress, and how progress and results will be
measured.
Plan
Project planning enables the project manager to identify what has
to be done, by whom, at what cost and when, and involves:
defining and refining objectives
preparing the project plans and associated sub-plans for
running the project
review of current operations
financial analysis of costs and benefits, including a budget
stakeholder analysis, including users and project team
gaining final allocation of funding
project charter including costs, tasks, deliverables and
schedule.
Note: Some of the biggest problems that projects encounter arise
from inadequate definition and poor planning.
Implement
Implementing the project involves:
executing the project plans
coordinating people and other resources to carry out
the project plans.
Implementing includes management of:
change requests
issues logs
project monitoring
status reports.
Typically, this is the longest phase of the project.
Monitor
Monitoring the project includes:
ensuring that project objectives are met by
monitoring and measuring progress regularly to
identify variances from the plans
taking corrective action when necessary; tracking
variances and changes.
Close
Closing involves bringing the project to an orderly end by:
formalising and communicating the acceptance or
conclusion of a project
handing over to the ongoing accountable area
completing a project completion report
holding a post implementation review.
Who does what?
The project manager is not necessarily the one to
facilitate each activity.
For example, a middle manager may prepare a
project proposal with the project manager being
appointed afterwards.
Someone external to the project should conduct
the post implementation review, if required.
Project management software
Can be suitable for simple ‘one-off’ projects or for large
consultancies managing complex multiple projects.
Is used to plan, monitor and control the project,
ensuring it stays on track, on time and within budget.
Things to consider when selecting appropriate software
include whether the software is:
desktop or web-based
open source or proprietary
simple or complex.
Project management software
Some additional elements to consider, relating to the
features of the software, include:
collaboration
resource management
project management
ease of use
help/support.
Why use project management
software?
Project management software provides automated,
electronic planning, monitoring and updating of
project plan and project activities, enabling you to
manage the product management life cycle.
Project management software
Some of the products available include:
MS Project
Dot project
Remember the milk
MS Outlook
MS Office Visio (Gantt chart template)
MS Excel.
Project management tools
Microsoft Project is undoubtedly the best-known
project management software. It enables you to stay
informed of your project status by controlling your
project work, schedule and finances, and effectively
communicate project data.